Must say, these results are great. Only problem is, regardless of external factors, that PEX is unwanted. Any other company to discover anything even half the quality of this, would have rocketed. I don't think the price was factored in.
Pex is an exploration company and finding minerals is their business. This hole indicates a massive up grade in resource. Considering they had 800 m or so in the ground already, this would certainly have taken them over the billion. Perhaps our best hope is CBH come up with a takeover bid because our hope of seeing a $1 looks very hopeful.
I think we could find the biggest Copper discovery in Australia and may yet have, but no one cares. When a company like THX (one I also hold) has a market cap of 21 million and Pex 29 million (With strong backing and massive resource already), I simply don't get it!
Must say, these results are great. Only problem is, regardless...
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $84.25M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $17.07K | 120.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 119896 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PEX (ASX) Chart |